EthFinance

ETF specialist and founder of the ETF Institute Nate Geraci on the Ethereum Spot ETF launch (slightly amended for readability):

„Ex-ETHE, well over $1 billion came into spot eth ETFs this week.

A portion was clearly recycled from ETHE from Grayscale Trust, but this was nowhere close to be the primary driver IMO.

I think it was a highly successful debut.

Another way to think of this is investors wanted $1+ billion ETH exposure via TradFi rails - in just *4* days. 👀‼️

ETF specialist and founder of the ETF Institute Nate Geraci on the Ethereum Spot ETF launch (slightly amended for readability):

„Ex-ETHE, well over $1 billion came into spot eth ETFs this week.

A portion was clearly recycled from ETHE from Grayscale Trust, but this was nowhere close to be the primary driver IMO.

I think it was a highly successful debut.

Another way to think of this is investors wanted $1+ billion ETH exposure via TradFi rails - in just *4* days. 👀‼️

https://x.com/nategeraci/status/1817030015701111094?s=12

Ethereum enthusiast, privacy advocate and Hambassador 🍖